It can happen either way. The engine diesels and sucks in its own water. The operator slows down too fast and the following wave goes up the exhaust.
Volvos faulty logic is shown in that most boats with thru the transom exhaust have flappers too.
Why would Merc the biggest maker of sterndrives in the world, not save money by leaving them off if they thought they could? They disagree with Volvo too.
Honestly if I had a Volvo unit that the OMC parts would fit, I'd install them no matter what Volvo says. All of the models in this range are way out of warrentee anyway so it doesn't matter what Volvo said back in 2000.
Look at any Merc sterndrive made in the last 50 years they all have them.
As I said in an earlier post, every installation is different. Many boats are marginal on the static water level measurement. Many marine mechanics don't even understand this or know how to measure it. But its critically important.
In fact here you go, I just remembered this. As I said, I never had a hydrolock problem on my '88 OMC. However, when I had that overheat back in July '13 here's what happened: the raw water hose popped off the P/S cooler on the rear of the engine. The impeller continued to pump seawater in the bilge, weighing down the stern a LOT. Then engine overheated. Three factors:
Flappers vaporized
Stern low in the water
Engine stalled after overheatingWhen I checked the plugs and compression (which by the way, was about the same as 3 years before that, lucky) there was no sign of water in the cylinders, but the plugs did have a bit of rust on them, so some small quantity of salt water did get sucked up. Replaced the plugs and all was well. No water in the oil. Put in new flappers. This engine has enough static water level that this did not cause it to hydrolock.
Deaf, as low as your boat sits in the water, I'd think more about it. Ask the guys at Hy Tek Marine exhaust. Do they think you need them based on how your boat sits?
I also think the specific design of the riser section of the exhaust affects this issue, it was proven by Merc in their tests and they changed things because of it.
http://www.marinemechanic.com/merc/dist ... engine.PDF